Aptus Capital Advisors LLC Acquires 53,231 Shares of Walmart Inc. (NYSE:WMT)

Aptus Capital Advisors LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 13.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 462,181 shares of the retailer’s stock after purchasing an additional 53,231 shares during the period. Aptus Capital Advisors LLC’s holdings in Walmart were worth $37,321,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Walmart in the 3rd quarter worth $33,000. EntryPoint Capital LLC bought a new position in shares of Walmart in the 1st quarter worth $25,000. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter worth $29,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.92 during trading on Tuesday, hitting $85.13. 2,159,296 shares of the company were exchanged, compared to its average volume of 16,682,094. The business’s 50 day moving average is $80.67 and its 200-day moving average is $72.27. The company has a market capitalization of $684.30 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WMT. Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim raised their price objective on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Morgan Stanley lifted their price target on Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday. KeyCorp lifted their price target on Walmart from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group lifted their price target on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $84.15.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.